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Tuesday 25.07.2017 | Name days: Jēkabs, Žaklīna
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Latvian Shipping Company shareholder asks permission to extend share repurchase

Latvian Shipping Company shareholder Vitol Netherlands B.V. has requested permission to extend share repurchase offer.

SRS cannot explain why unequal approach appears in application of fines

Employees of the State Revenue Service do not follow the institution’s guidelines, do not document criteria assessments in accordance with requirements of Latvian Code of Administrative Violations and generally apply fines based on their views, creating an unequal approach, BNN was told by the State Audit.

Saturday and Sunday to be rather rainy and cold in Latvia

Warm and moist air will be above Latvia on Friday, 30 June. With that, there is no guarantee of stable weather: thunderstorms will be present in many regions and wind speed may exceed 15-20 m/sec, as reported by the State Environment, Geology and Meteorology Centre.

Most Latvians travel within the country rather than outside

53% of Latvia residents most often decide to travel within Latvia, not foreign countries, according to results of Baltic International Bank’s Latvian barometer.

Forest regeneration costs declined in Latvia last year

In 2016 the average forest regeneration costs, depending on the forest land quality group, varied between 551 and 600 euros per hectare.

Government and social partners agree on introduction of differentiated PIT

At a meeting of the National Council for Trilateral Cooperation, government representatives and social partners agreed on the introduction of differentiated personal income tax.

Latvia receives high score in latest innovation ratings

Latvia’s score in the latest innovative ratings is proof of stable and sustainable state development. This is proof Latvia is headed in the right direction, which benefits productivity and high added value goods, says Latvian Economy Minister Arvils Aseradens.

Latvian students demonstrated lowest results in all centralized exams this year

This year, Latvian students demonstrated the lowest results in all centralized exams when compared with the previous year, according to information from the State Education Content Centre.

Survey – 94% of Europeans take photos using their phones

Studies show that smart-phones are gradually replacing other devices, steadily becoming one of the most important device when travelling. 94% of European residents take photos using their phones, as concluded in a study by Huawei.

Latvian state officials concerned – oligarchs’ talks only increase people’s distrust in politicians

If talks like that take place, it proves that society’s level of trust in politicians only increases, said Latvian President Raimonds Vejonis after his meeting with Prime Minister Maris Kucinskis on Wednesday, 28 June.

Construction costs in Latvia grew 0.2% in May

Compared to April, the level of construction costs in Latvia increased by 0.2 % in May 2017. Labour remuneration of workers grew by 0.4 %, maintenance and operational costs of machinery and equipment rose by 0.3 %, whereas prices of building materials increased by 0.2 %.

Residents are certain no new jobs will appear in municipalities after elections

68% or the majority of interviewed Latvian Residents are certain no new jobs will appear after municipal elections, according to results of a survey by CV Market.

Dzintars losses have declined: can the company survive the crisis?

Compared with 2015, net turnover of Dzintars declined by 104,000 euros in 2016. The company’s losses, on the other hand have declined by 904,000 euros when compared with 2015, says the company’s board member Dagnija Maike.

Latvia and other countries refuse to support proposal for energy efficiency

The proposal to add changes to the Energy Efficiency Directive has been approved, establishing a goal to reach 30% of energy saving within the European Union by 2030.

Multi-storey building at Zolitude Tragedy site sold at an auction for 3.9 million euros

The multi-storey building located at the site of Zolitude tragedy in Riga, Priedaines Street 20, has been sold at an auction for EUR 3.9 million, according to information published at eizsoles.ta.gov.lv.

Experts: Latvia either does not use advantages offered by technologies

In spite of wide technological opportunities to create a powerful digital economy, Latvia either does not know how or simply does not use those advantages. This hurts the country’s competitiveness on the global market.